PowerBank's First Solar Project Under Development for Fiera Real Estate Reaches Commercial Operation

Executive Summary

• PowerBank’s 1.45 MW DC rooftop solar project for Fiera Real Estate in Calgary has entered commercial operation, marking the company’s first operational asset in Alberta.
• The project will sell electricity under Alberta’s Small‑Scale Generation program and generate carbon offsets through the TIER system, supporting Fiera Real Estate’s Net Zero Pathway targets.
• In connection with the transaction, PowerBank will issue 10,089 shares as a service fee to an arm’s‑length third party; the shares are subject to a statutory hold period of four months and one day.

Key Details

• Project Capacity: 1.45 MW (DC) rooftop solar system located in Calgary, Alberta.
• Commercial Operation Date: Achieved commercial operation as of Dec. 18, 2025.
• Revenue Mechanism: Power will be sold to the grid under Alberta’s Small‑Scale Generation program; carbon offsets will be generated via the Technology Innovation and Emissions Reduction (TIER) system.
• Strategic Significance: First operational PowerBank project in Alberta and first small‑scale generator within the Alberta Interconnected Electric System (AIES).
• Partner Involvement: EPC services provided by PowerBank under an agreement with Fiera Real Estate; Zathura Investments supported the development.
• Fiera Real Estate Context: Manages > C$12 billion of real estate assets; two funds have Net‑Zero by 2040 targets, making this project a key sustainability initiative.
• Equity Issuance: PowerBank to issue 10,089 shares as a service fee for introducing Fiera; issuance pending Cboe Canada Exchange approval and subject to a four‑month‑plus hold period per securities legislation.
• Pipeline Outlook: Company cites a development pipeline of > 1 GW and over 100 MW already built, indicating further growth potential.

Notable Quotes

(No direct quotes were provided in the release.)